COMMONWEALTH KITCHEN INC

EIN: 270648497 501(c)(3) Community Improvement

DORCHESTER, MA

Total Revenue
$6,270,782
Total Expenses
$5,853,679
Total Assets
$14,681,256
Net Assets
$7,167,245
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
JENNIFER FAIGEL
Phone
6175227900
Tax Period
2023-01-01 to 2023-12-31

COMMONWEALTH KITCHEN INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $6.3M in total revenue in fiscal year 2023. Expenses of $5.9M left a modest 7% surplus.

Mission

CWK'S MISSION IS TO BUILD A NEW FOOD ECONOMY GROUNDED IN RACIAL, SOCIAL AND ECONOMIC JUSTICE BY STRENGTHENING THE CAPACITY, CONNECTIONS, AND COLLECTIVE POWER OF DIVERSE ENTREPRENEURS TO START AND GROW SUCCESSFUL FOOD BUSINESSES. TO ACCOMPLISH THIS MISSION, CWK OPERATES GREATER BOSTON'S ONLY NONPROFIT FOOD BUSINESS DEVELOPMENT CENTER AND FOOD MANUFACTURING SOCIAL ENTERPRISE.

Program Service Accomplishments

Program 1
Expenses: $4,819,655 Revenue: $3,951,542

READY TO LAUNCH: WITH SO MANY PEOPLE STARTING INFORMAL FOOD BUSINESSES OVER THE PAST YEAR, AND NOW LOOKING FOR SUPPORT, WE'RE CURRENTLY ADAPTING OUR START-UP PROGRAMMING INTO A NEW 16-WEEK START-UP...

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READY TO LAUNCH: WITH SO MANY PEOPLE STARTING INFORMAL FOOD BUSINESSES OVER THE PAST YEAR, AND NOW LOOKING FOR SUPPORT, WE'RE CURRENTLY ADAPTING OUR START-UP PROGRAMMING INTO A NEW 16-WEEK START-UP PROGRAM, AN EXTENSION OF OUR SIGNATURE FOOD BIZ 101, INTENDED FOR BUSINESSES THAT ARE ABOUT TO LAUNCH IN CWK'S SHARED KITCHENS. THE EXPANDED PROGRAM COVERS ALL OF THE BASICS - FROM PERMITS TO HOW TO CREATE INVOICES, TO FINANCIAL MANAGEMENT AND PRICING. READY TO LAUNCH WILL ENSURE A STRONG START TO NEW BUSINESSES THAT LAUNCH AT COMMONWEALTH KITCHEN.NETWORK SUPPORT: WHEN STATE AND FEDERAL MONEY BECAME AVAILABLE, COMMONWEALTH KITCHEN JUMPED INTO ACTION, SPREADING THE WORD ABOUT RESOURCES AND HOSTING NUMEROUS WEBINARS IN COLLABORATION WITH USC AND OTHERS TO GIVE ENTREPRENEURS ACCESS TO THE ANSWERS THEY NEED TO TAKE ADVANTAGE OF RESOURCES AVAILABLE. WE ALSO LAUNCHED A FOOD BUSINESS LISTSERV, PROVIDING ADVICE AND PEER NETWORKING FOR 200+ BUSINESSES. RESTAURANT RESILIENCY: THIS PROGRAM WILL PROVIDE A NETWORK OF DEEP SUPPORT TO SMALL RESTAURANTS ACROSS THE REGION THROUGH A FACEBOOK GROUP. DESPITE THE ENORMOUS CHALLENGES OF 2020, CWK WAS ABLE TO SUPPORT OUR VITAL, BASELINE BUSINESS EDUCATION AND TRAINING PROGRAMMING, WHICH HAS BECOME ALL THE MORE CRITICAL GIVEN THE CURRENT ECONOMIC REALITIES. CWK PROVIDED A RANGE OF BUSINESS SUPPORT SERVICES, INCLUDING HOSTING WEBINARS AND PROVIDING 1-ON-1 SUPPORT SERVICES TO MORE THAN 100 BUSINESSES. WE PROVIDED DIRECT ASSISTANCE TO OVER 50 BUSINESSES APPLYING FOR VARIOUS GRANTS AND LOANS, HELPING SECURE MORE THAN $2M TO SUPPORT THEIR RECOVERY EFFORTS. WE RAISED AND INVESTED ANOTHER $1M+ THROUGH OUR COMMONTABLE EMERGENCY FOOD EFFORTS TO PAY OUR HARD-HIT FOOD BUSINESS COMMUNITY TO FEED THEIR NEIGHBORS IN NEED. AS PART OF THE PROGRAM, WE PROVIDED 25+ BUSINESSES WITH TRAINING ON BULK FOOD PRODUCTION AND PROPER COOLING AND TRANSPORTATION TECHNIQUES, AND STAFF TRAINING FOR CONTACTLESS DELIVERY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,951,542
Program Service Revenue $1,791,564
Investment Income $0
Other Revenue $527,676
TOTAL REVENUE $6,270,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,635,095
Fundraising Expenses $333,633
Program Expenses $4,819,655
Other Expenses $4,218,584
TOTAL EXPENSES $5,853,679

Year-over-Year Comparison

2023 2022 Change
Revenue $6,270,782 $6,158,678 +0.0%
Expenses $5,853,679 $4,491,776 +0.3%
Net Income $417,103 $1,666,902 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
27
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
9
$200,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER FAIGEL EXECUTIVE DIRECTOR 40.00
Director
$200,000 $0 $200,000
LESLEY DELANEY HAWKINS CHAIR 1.00
Officer Director
$0 $0 $0
SHELDON LLOYD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANTOINETTE COAKLEY SECRETARY 1.00
Officer Director
$0 $0 $0
HELENE SOLOMON TREASURER 1.00
Officer Director
$0 $0 $0
KARA FAGAN DIRECTOR 1.00
Director
$0 $0 $0
MAGNOLIA CONTRERAS DIRECTOR 1.00
Director
$0 $0 $0
RAUL FERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
JASON ALLEN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,270,782 $5,853,679 $14,681,256 $417,103
2023 $6,248,782 $5,791,179 $14,681,256 $457,603
2022 $6,158,678 $4,721,759 $14,515,877 $1,436,919
2021 $6,037,848 $3,869,209 $6,037,148 $2,168,639
2020 $4,937,694 $3,599,054 $3,872,469 $1,338,640
2019 $2,916,415 $2,691,550 $1,783,422 $224,865
2018 $2,528,580 $2,213,941 $1,516,237 $314,639
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